Dais Analytic Corp. (OTC:DLYT) provides a prime example of what hype can do for a company traded on the OTC.
Last Friday DLYT closed up 13.58% at 25 cents per share with nearly 160 thousand shares changing hands.
At $0.25 DLYT is in the levels it was traded before the company hyped its stock through press releases in September, 2011. Back then DLYT managed to go above 50 cents per share. The press release that caused the surge is still available on DLYT’s website.[BANNER]
After the Sept. 1 release another, equally optimistic followed on Sept. 6, but after that DLYT hasn’t issued any other press releases, and their filings are not all that promising either; quarter ended Sept. 30, 2011 – net loss $895 thousand.
Issuing “sensational” news can make the price of a stock go up significantly in the short term, but failing to follow up with results, or at least with updates can bring the price right back down, and in some cases even lower than it was before the “big news”.
